Rumors of a new PlayStation 4 model with increased power and added capabilities have been floating around for months, but Giant Bomb has the inside scoop on the upcoming console.

Code-named NEO, this PS4.5 would feature a faster CPU, more powerful GPU, and higher bandwidth memory. In an effort to avoid fracturing the existing user base, developers would need to provide two iterations of each game -- one with a "base mode," which would work with the current PlayStation 4, and one with a "NEO mode," which would result in better performance and greater visual fidelity. Developers would be allowed to patch this NEO mode into existing games, making some favorites run at a higher frame rate and resolution.

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Additionally, the NEO will support native 4K image output and is said to upscale games to the 3840x2160 resolution, even if the console wouldn't be able to achieve native 4K resolution in blockbuster games.

NEO would exist alongside the current PlayStation 4, possibly resulting in high-end and entry-level SKUs. Each console would use the existing PlayStation Store and users would have access to all of their previously purchased games.

This move comes just months before Sony launches the PlayStation VR, the company's virtual reality headset. A more powerful console would be able to produce more stable frame rates at higher graphical quality, which would go a long way toward eliminating motion sickness.

Would you buy a new, more powerful PlayStation 4? Or would you stick with the current model? Let us know in the comments below!